The following are a few quotes and values that I really believe in, and I always try to keep them in mind when making decisions (although I still stray from them from time to time). I truly believe that these quotes and values can help us in our quest to attain success in business and/or life.
If there’s an opportunity for you to go after something you like, seize that opportunity. Not only will you be more likely to succeed, but win, lose, or draw, you will still be happy. Emulate Warren Buffett and do something that will make you tap dance to work.
Judge a company's profitability by its return on equity and not the net income it reports.
Just because you bought a stock, doesn't mean that the stock will automatically turn out to be a great investment.
Your employees are one of your greatest competitive advantages. They can create truly great value for you, but you need to take care of them, empower them, and help them grow. I think J.W. Marriott once said , “Take care of your employees, and they will take care of your customers.”
A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.-Quote from Jeff Bezos
Understand the business of your company and/or the businesses of the companies you have invested in.
Chief executives, who themselves own few shares of their companies, have no more feeling for the average stockholder than they do for baboons in Africa. -Quote from T.Boone Pickens
Be patient, take risks, and bet big. A lot of investors get rich on a few, or maybe even one great investment. So, if you know what you’re doing, take your time to find a really great investment opportunity, and when you do manage to identify that great investment opportunity, bet big, it just might turn out to be what Peter Lynch calls a “10 bagger” stock.
Failure is a part of life. There’s nothing wrong with failing, in fact, the lessons we learn from our failures will help us become successful. As Michael Jordan said, “I've failed over and over and over again in my life and that is why I succeed.”
Focus on creating value for your customers; the profits will come. As Henry Ford once said, "A business absolutely devoted to service will have only one worry about profits. They will be embarrassingly large."
It's always better to invest in a great company at a fair price than invest in a lousy company at a cheap price.
Investing in great companies at great prices generally translate to not so great returns.
I will always be adding to this list, so check back soon!